Living in Allenwood, New Jersey
Cost of living, income, home prices, rent and demographics of Allenwood · Census data 2020–2024
Allenwood has 757 residents with a median age of 32.9. The median household income is $224,704 (117% higher than the New Jersey median), the median home value is $758,000.
Allenwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Allenwood at a glance
- Population
- 757
- Median age
- 32.9State: 40.1
- Median household income
- $224,704State: $103,556
- Median home value
- $758,000State: $454,400
- Homeowners
- 95.4%
- Bachelor's degree or higher
- 60.8%
- Average commute
- 21 min
Is Allenwood a good place to live?
Pros: Median household income 117% higher than the New Jersey median; an average commute of 21 minutes; unemployment of 2.7%; a poverty rate of 4.4%.
Cons: Home values 67% higher than the state median.
The weather is best in June to September.
Cost of living in Allenwood
Housing is the biggest part of the cost of living. In Allenwood the median home value is $758,000, 128% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $3,334 a month in housing costs.
Allenwood median household income
The median household income in Allenwood is $224,704 and the income per person is $75,801. 4.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Allenwood: homes for sale and rent
- Housing units
- 265
- Owner-occupied
- 95.4%
- Renter-occupied
- 4.6%
- Vacant
- 10.6%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 3.19
Allenwood demographics
- Population
- 757
- Median age
- 32.9
- Under 18
- 23%
- 65 and older
- 5.3%
- Households
- 237
- Foreign-born
- 1.5%
- Veterans
- 1.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Allenwood ›
Education in Allenwood
60.8% of adults 25 and older in Allenwood have a bachelor's degree or higher (New Jersey: 43.6%), and 28% have a graduate or professional degree.
Jobs and commute in Allenwood
- Unemployment rate
- 2.7%State: 6.3%
- Average commute
- 21 minState: 31 min
- Work from home
- 1.5%
- Drive alone
- 82.5%
- Public transit
- 0%
- Walk to work
- 2.2%
- Homes with broadband
- 100%
Allenwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Allenwood | 757 | $224,704 | $758,000 | — |
| Wall | 26,541 | $142,768 | $720,400 | $1,762 |
| Brielle | 4,956 | $172,250 | $849,100 | $2,726 |
| Spring Lake Heights | 4,861 | $106,758 | $721,100 | $1,863 |
| Ramtown | 6,203 | $145,663 | $487,500 | — |
| Sea Girt | 1,980 | $213,750 | $2,000,001 | $3,455 |
| Manasquan | 5,922 | $142,944 | $988,100 | $2,030 |
| Spring Lake | 2,779 | $215,625 | $2,000,001 | $2,175 |
| West Belmar | 2,862 | $108,629 | $531,300 | $1,687 |
More for people moving to Allenwood
Allenwood ZIP code ›Weather and climate ›Living in Allenwood: FAQ
What is the median household income in Allenwood, NJ?
The median household income in Allenwood is $224,704, 117% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Allenwood?
The median home value in Allenwood is $758,000, compared with $454,400 in New Jersey.
Is Allenwood, NJ a good place to live?
Pluses: median household income 117% higher than the New Jersey median; an average commute of 21 minutes; unemployment of 2.7%; a poverty rate of 4.4%. Minuses: home values 67% higher than the state median.
What is the median age in Allenwood?
The median age in Allenwood is 32.9 years (New Jersey: 40.1).
How long is the commute in Allenwood?
The average commute to work in Allenwood is 21 minutes; 1.5% of workers work from home.
What is the unemployment rate in Allenwood?
The unemployment rate in Allenwood is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Allenwood?
60.8% of adults in Allenwood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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